Anyone with Series LLC Experience/Knowledge?

[Niall O'Malley]

I have a pretty fair idea how a Series LLC gets set up but am wondering how it works with mortgages and tax ID numbers, etc. The umbrella LLC and each individual series under the umbrella are treated as separate entities, so do I need to get a different tax ID number for each series I open as well as the separate tax ID number for the umbrella LLC? For example, ABC, LLC is the umbrella LLC and I form ABC, LLC Series A to hold title to a piece of real estate. Do I apply for a mortgage for that particular property in the name of ABC, LLC or in the name of ABC, LLC Series A? I think I may know the answer but am not certain and wanted to get the group's opinion. Thanks in advance.